- Intuitive and easy to use platform
- Decent array of exchangeable assets
- Highly safe and secure
- Reasonable fees
- Limited trading features
- Not for advanced trading
- No analysis tools
Uphold is a major international cryptocurrency exchange and cloud based money services platform that serves clients from over 184 countries, supports numerous currencies (fiat and crypto), and has facilitated over $3.6 billion in digital money transactions. Uphold is a truly innovative financial services company as they are 100% transparent and allow users to convert assets digitally with one another including Bitcoin, fiat currencies, and precious metals. Uphold is owned and operated by Uphold Europe Limited, and was established in 2013. The company is based out of the United Kingdom with their headquarters located at Interchange Triangle, Chalk Farm Road, London, England, NW1 8AB. Uphold has yet to become a regulated crypto exchange, but the company is registered as a money services business in the United States and is licensed by the Financial Crimes Enforcement Network (FinCEN). All in all, Uphold presents some very interesting and unique financial services to their clients, but are their services right for you? Find out in the following review, where we analyze every aspect of Uphold’s financial services and see how they stack up to the competition and if they are right for you.
The Uphold exchange platform is built into the Uphold digital wallet where users can hold their funds and exchange them with over 30 currencies instantly and securely. The platform is very user friendly and makes for an intuitive user experience. The platform was designed with ease of use and convenience in mind and is therefore built for both experienced and beginner cryptocurrency users. The wallet and exchange platform are web based and accessible via any web browser. As well, users can download the Upload mobile application for both iOS and Android mobile devices. It’s easy to buy, sell, store, exchange, and send and receive cryptocurrencies with Uphold as it is an all in one digital wallet and exchange service. Uphold is very much a mainstream cloud based money service with their platform interface appealing to the masses. The platform is similar to established mobile banking applications in which users can manage their money and send it to other users as well as exchange between currencies and precious metals. All in all, the platform does an excellent job at what it sets out to accomplish.
Uphold is not only a cryptocurrency exchange and wallet service, but it’s also a traditional e-wallet service that supports the holding and exchange of numerous cryptocurrencies, fiat currencies as well as precious metals.
The cryptocurrency assets supported include:
As for the fiat currencies supported, they include:
• U.S. dollars (USD)
• Euros (EUR)
• British pounds (GBP)
• Chinese yuan (CNY)
• Japanese yen (JPY)
• Swiss franc (CHF)
• Indian rupee (INR)
• Mexican pesos (MXN)
• Australian dollars (AUD)
• Canadian dollars (CAD)
• Hong Kong dollars (HKD)
• New Zealand dollars (NZD)
• Singapore dollars (SGD)
• Kenyan shillings (KES)
• Israeli shekel (ILS)
• Danish krone (DKK)
• Norwegian krone (NOK)
• Swedish krona (SEK)
• Polish zloty (PLN)
• Argentine peso (ARS)
• Brazilian real (BRL)
• United Arab Emirates dirham (AED)
• Philippine peso (PHP)
Finally, the Precious metals supported include:
• Gold (XAU)
• Silver (XAG)
• Platinum (XPT)
• Palladium (XPL)
Fees and commission
Creating an account and downloading the mobile application for Uphold’s digital financial services is absolutely free. However, there are fees to use the services presented by Uphold. For instance, Uphold users incur deposit and withdrawal fees. Debit/Credit Card deposits have a fee of 3.99%, Bank Wire Transfers are free, and Cryptocurrency deposits are free. As for withdrawals, Cryptocurrencies come with a fee of $2.99 + coin network fees and Bank Wire Transfer fees are just $3.99. Another fee imposed on traders is the trading or exchange fee, which is 0.65% – 3.65% depending on the digital asset being traded. All in all, the fees imposed by Uphold are very reasonable.
Security and fairness
Uphold takes security very seriously and implements the highest security measures and standards at all levels of business, including the technology they develop and the people they hire. See below, some of the security measures implemented and practices by Uphold.
• Software is constantly monitored and updated 24 hours a day, 7 days a week.
• All transmitted data is encrypted with advanced SSL technology.
• Uphold enforces role based access within their company.
• Private keys are protected with strong encryption methods.
• Uphold uses Test Driven Deployment (TDD) processes.
• Undergo periodic independent security audits.
• Two factor authentication techniques for logging in and making important transactions.
• Various other security measures and features.
Uphold provides their customers with very informative and comprehensive customer support. Support representatives can be reached via email, and through various social media channels including Twitter, Facebook, LinkedIn, and Instagram. Uphold also features an extensive blog and FAQ section on their website. Here, users will find loads of articles and general content that’s been curated to help customers and fulfill their questions and needs. All in all, the customer support provided by Uphold is sufficient.
The Uphold cryptocurrency exchange and digital financial services platform is a unique and innovative service for customers from around the world. Uphold set out to make a difference in the world by providing necessary services for mass cryptocurrency adoption. The Uphold exchange and wallet services have done just that and are loved by many users around the world. The platform is very easy to use and intuitively designed, as well the service is highly safe, transparent and secure. The fees imposed on Uphold users are very reasonable as well. All in all, Uphold is a great crypto wallet and exchange service that offers some unique aspects compared to others.
The following are the common questions that customers inquired about Uphold.
Is Uphold regulated?
No, it is not regulated.
Is Uphold a scam?
No, Uphold is a legit financial services business and it’s licensed in the US.
Where is Uphold based?
Uphold is located at Interchange Triangle, Chalk Farm Road, London, England, NW1 8AB.